Fixed Income

iShares ESG Emerging Markets Government Bond Index Fund (IE)

Overview

Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested. Changes to interest rates, credit risk and/or issuer defaults will have a significant impact on the performance of fixed income securities. Noninvestment grade fixed income securities can be more sensitive to changes in these risks than higher rated fixed income securities. Potential or actual credit rating downgrades may increase the level of risk. Emerging markets are generally more sensitive to economic and political conditions than developed markets. Other factors include greater 'Liquidity Risk', restrictions on investment or transfer of assets, failed/delayed delivery of securities or payments to the Fund and sustainability-related risks. Fixed income securities issued or guaranteed by government entities in emerging markets generally experience higher ‘Credit Risk’ than developed economies.The benchmark index only excludes companies engaging in certain activities inconsistent with ESG criteria if such activities exceed the thresholds determined by the index provider. Investors should therefore make a personal ethical assessment of the benchmark index’s ESG screening prior to investing in the Fund. Such ESG screening may adversely affect the value of the Fund’s investments compared to a fund without such screening.

All currency hedged share classes of this fund use derivatives to hedge currency risk. The use of derivatives for a share class could pose a potential risk of contagion (also known as spill-over) to other share classes in the fund. The fund’s management company will ensure appropriate procedures are in place to minimise contagion risk to other share class. Using the drop down box directly below the name of the fund, you can view a list of all share classes in the fund – currency hedged share classes are indicated by the word “Hedged” in the name of the share class. In addition, a full list of all currency hedged share classes is available on request from the fund’s management company

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Performance

Performance

Growth of Hypothetical 10,000

Performance chart data not available for display.
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  2019 2020 2021 2022 2023
Total Return (%) 6.70
Benchmark (%) 6.52

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  From
31-Dec-2018
To
31-Dec-2019
From
31-Dec-2019
To
31-Dec-2020
From
31-Dec-2020
To
31-Dec-2021
From
31-Dec-2021
To
31-Dec-2022
From
31-Dec-2022
To
31-Dec-2023
Total Return (%)

as of Dec 31, 2023

- - - - 6.70
Benchmark (%)

as of Dec 31, 2023

- - - - 6.52
  1Y 3Y 5Y 10y Incept.
5.81 - - - 1.17
Benchmark (%) 5.66 - - - 1.04
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
0.55 0.55 6.52 4.69 5.81 - - - 1.64
Benchmark (%) 0.51 0.51 6.50 4.70 5.66 - - - 1.46
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

The figures shown relate to past performance. Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past

Share Class and Benchmark performance displayed in EUR, hedged share class benchmark performance is displayed in USD.

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: Blackrock

Key Facts

Key Facts

Net Assets as of Feb 21, 2024 EUR 34,076,066
Net Assets of Fund as of Feb 21, 2024 USD 123,922,913
Share Class Inception Date Sep 6, 2022
Fund Inception Date Jun 8, 2022
Share Class Currency EUR
Base Currency USD
Asset Class Fixed Income
Benchmark Index J.P. Morgan ESG-Emerging Markets Bond Index Global Diversified in EUR
SFDR Classification Article 8
Initial Charge 0.00%
Ongoing Charge 0.03%
ISIN IE0009I5ZTL5
Annual Management Fee 0.00%
Performance Fee 0.00%
Minimum Initial Investment EUR 500000
Minimum Subsequent Investment EUR 5000
Use of Income Accumulating
Domicile Ireland
Regulatory Structure UCITS
Management Company BlackRock Asset Management Ireland Limited
Morningstar Category -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker ISGBFEA
SEDOL BQFNMM1

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Jan 31, 2024 543
Standard Deviation (3y) as of - -
3y Beta as of - -
Yield to Maturity as of Jan 31, 2024 6.75%
Modified Duration as of Jan 31, 2024 6.98 yrs
Yield to Worst as of Jan 31, 2024 6.74%
Effective Duration as of Jan 31, 2024 7.02 yrs
Weighted Avg Maturity as of Jan 31, 2024 11.59 yrs
WAL to Worst as of Jan 31, 2024 11.59 yrs

Ratings

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Jan 31, 2024
Name Weight (%)
URUGUAY (ORIENTAL REPUBLIC OF) 5.1 06/18/2050 0.85
KUWAIT STATE OF (GOVERNMENT) MTN RegS 3.5 03/20/2027 0.80
POLAND (REPUBLIC OF) 4.875 10/04/2033 0.69
URUGUAY (ORIENTAL REPUBLIC OF) 4.975 04/20/2055 0.64
POLAND (REPUBLIC OF) 5.5 04/04/2053 0.58
Name Weight (%)
ARGENTINA REPUBLIC OF GOVERNMENT 3.625 07/09/2035 0.54
ECUADOR REPUBLIC OF (GOVERNMENT) RegS 3.5 07/31/2035 0.54
HUNGARY (GOVERNMENT) RegS 6.25 09/22/2032 0.52
URUGUAY (ORIENTAL REPUBLIC OF) 5.75 10/28/2034 0.50
HUNGARY (GOVERNMENT) RegS 6.125 05/22/2028 0.50
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Jan 31, 2024

% of Market Value

Type Fund Benchmark Net
as of Jan 31, 2024

% of Market Value

Type Fund Benchmark Net
as of Jan 31, 2024

% of Market Value

Type Fund Benchmark Net
as of Jan 31, 2024

% of Market Value

Type Fund Benchmark Net
as of Jan 31, 2024

% of Market Value

Type Fund Benchmark Net
Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management. Allocations are subject to change.

Pricing & Exchange

Pricing & Exchange

Investor Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class Flexible EUR 10.18 0.01 0.10 Feb 21, 2024 10.26 9.36 IE0009I5ZTL5
CLASS S HEDGED GBP 9.85 -0.01 -0.07 Feb 21, 2024 10.07 9.82 IE000D41SHP3
Class Institutional Hedged EUR 10.05 -0.01 -0.07 Feb 21, 2024 10.23 9.17 IE0001KKUL12
Class Flexible USD 10.62 -0.01 -0.07 Feb 21, 2024 10.78 9.62 IE000ITHXRL9
CLASS S HEDGED EUR 9.83 -0.01 -0.07 Feb 21, 2024 10.07 9.79 IE000UTDLUA5
D USD 10.61 -0.01 -0.07 Feb 21, 2024 10.78 9.62 IE000FBSWBF8
Class Institutional USD 10.56 -0.01 -0.07 Feb 21, 2024 10.73 9.58 IE000X7X53I1

Portfolio Managers

Portfolio Managers

John Hutson
John Hutson

Literature

Literature